Ameris Bancorp reported a net income of $110.5 million, or $1.63 per diluted share, for the first quarter of 2026, marking a significant increase from the $87.9 million, or $1.27 per diluted share, reported in the same period of 2025. The company's return on average assets rose to 1.62% from 1.36%, while the return on average shareholders' equity improved to 10.91% from 9.39%. Total interest income for the quarter was $351.8 million, up from $333.8 million year-over-year, driven by increased interest and fees on loans, which rose to $317.9 million from $304.2 million.
In terms of operational changes, Ameris Bancorp's total assets increased to $28.1 billion as of March 31, 2026, compared to $27.5 billion at the end of 2025. The growth in assets was primarily attributed to an increase in loans, which rose to $21.8 billion from $21.5 billion, and a rise in interest-bearing deposits in banks, which increased to $1.1 billion from $835.1 million. The company also reported a total deposit increase of $260.7 million, or 1.2%, to $22.6 billion, with noninterest-bearing deposits growing by 5.0%.
Ameris Bancorp's strategic focus on enhancing its product offerings and expanding its market presence is evident in its performance across various divisions. The Banking Division generated $249.3 million in interest income, while the Retail Mortgage Division contributed $55.7 million. The company also reported a 9.2% increase in noninterest income, totaling $69.9 million, driven by growth in mortgage banking activities and service charges on deposit accounts. The retail mortgage open pipeline at the end of the quarter was $632.7 million, down from $701.9 million at the end of 2025.
The provision for credit losses for the first quarter of 2026 was $16.6 million, a decrease from $21.9 million in the same quarter of 2025. The allowance for credit losses on loans stood at $354.7 million, or 1.62% of total loans, consistent with the previous quarter. Nonaccrual loans increased to $116.5 million, while the total non-performing assets as a percentage of total assets remained relatively stable at 0.45%. The company continues to monitor its loan portfolio closely, particularly in light of changing economic conditions.
Looking ahead, Ameris Bancorp remains focused on maintaining its strong financial position while navigating potential market challenges. The company is committed to enhancing its operational efficiency and expanding its customer base through strategic initiatives. Management anticipates continued growth in both loans and deposits, supported by favorable market conditions and a diversified product offering. The company’s capital ratios indicate a well-capitalized status, positioning it favorably for future opportunities.
About Ameris Bancorp
Ameris Bancorp is a financial holding company operating primarily through its subsidiary, Ameris Bank, which offers comprehensive banking services including commercial, residential, consumer, and agricultural loans, as well as deposit products. Serving retail and commercial customers mainly in Georgia, Alabama, Florida, North Carolina, and South Carolina, Ameris emphasizes personalized community banking, local market expertise, and a diversified loan portfolio to build strong customer relationships and maintain stable, low-cost core deposits.
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